Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension to acquire 100% shareholding of Nature Energy Biogas A/S for nearly USD $2 billion (€ 1.9 billion). The acquisition of Danish Based Nature Energy a producer of Renewable Natural Gas […]

The French Development Agency (AFD) and the German Development Agency (KfW) are providing 600 million euros in loans and grants for the energy transition in South Africa. This funding is part of a €8.3 billion package pledged at COP26 in Scotland in 2021. South Africa is already benefiting from the Just Energy Transition Partnership (JETP). […]

The largest wind farm in Africa will soon be built in the Gulf of Suez in Egypt. The agreement for its development was signed recently between French independent power producer (IPP) Engie, Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA). This was on the sidelines of the 27th United Nations Climate […]

The EBRD is increasing its equity stake in Infinity, Egypt’s leading renewable energy developer, through an additional US$ 41.5 million commitment. The EBRD is a current shareholder in the company, having invested US$ 60 million in 2020.   Alongside the remaining original amount, the US$ 41.5 million will support Infinity’s plans to expand within Egypt and beyond, […]

The oil and gas industry has an effective role to play in the energy transition, highlighting that it is already working to decarbonize and achieve energy transition goals, Minister of Petroleum and Mineral Resources Tarek El Molla stated. El Molla’s statement came during the inauguration of Decarbonization Day with the US Special Presidential Envoy for Climate […]

Egypt is set to become the first hydrogen and its derivatives hub in Africa. This ambition is becoming a reality, as the North African country has just inaugurated the first green hydrogen production plant on the African continent. The plant is a demonstrator in a large-scale hydrogen production project developed by a consortium led by […]

Egypt boasts a fast growing renewable energy industry. And, with significant potential to develop the sector even more, the country can add even more value to its economy and accelerate its green transition. The European Bank for Reconstruction and Development (EBRD) has been and will continue to be one of Egypt’s key partners on this […]

Renewables are the backbone of the energy transition and a viable climate solution. Yet out of the 183 parties to the Paris Agreement with renewable energy components in their Nationally Determined Commitments (NDCs), only 143 have quantified targets with the vast majority focusing on the power sector. Only 12 countries had committed to a percentage […]

GE Gas Power and Shell Global Solutions, a pioneer in liquefied natural gas (LNG) for more than 50 years, announced today they have signed a development agreement to pursue potential pathways aiming to reduce the carbon intensity of Shell’s LNG supply projects around the world. With global LNG demand projected to almost double by 2040, decarbonization is […]

Equinor has signed an agreement to buy BeGreen, a leading solar project developer in North-West Europe. The acquisition strengthens Equinor’s capabilities and portfolio within solar PV. “BeGreen represents an important building block to our industrial renewables position in Europe, in line with our ambition to be a leading company in the energy transition. BeGreen has […]